Since September 23, the price of Airbnb stock (NASDAQ:ABNB) has increased and continued to rise throughout October. Since September 23, 2022, it has grown by 15.91%.
Despite complaints from landlords that the number of Airbnb bookings has dropped in the last three to four months, the company’s stock has continued to grow.
To find out more, please continue reading.
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What is Airbnb?
Airbnb, Inc., is an American-based company that operates an online marketplace focused on short-term homestays and experiences. It is headquartered in San Francisco, California. It was founded in 2008.
The business acts as a middleman between renters looking for short-term accommodations and landlords. Each booking entails a commission fee.
AirBnb, Inc. is a publicly-traded company listed on the NASDAQ stock exchange. It announced it would start offering crypto custody via a new Digital Assets unit in September. Airbnb is listed under the symbol NASDAQ: ABNB.
Should I buy Airbnb stock today?
If you are wondering whether to invest in Airbnb, now could be a good time going by the sustained gains that its stock made in October.
However, there has been an outcry from Airbnb landlords of bookings having dropped for the last three to four months. Some landlords have registered as low as 0% bookings.
Airbnb stock price prediction
Despite the ongoing outcry about decreased bookings among Airbnb landlords, analysts expect the ABNB stock to continue gaining for October.
As we exit the epidemic era, all eyes are on a short-term price goal of $120 as the stock sets out to recapture its April 2022 highs above $160. The Managing Director at Bernstein, Richard Clarke, forecasts a 35% increase in value to $143 for the ABNB shares.